Big business declares war on tea party

Pledging to support GOP establishment

Published: 10/29/2013 at 12:12 PM

(WASHINGTONTIMES) — The recent fiscal crisis has opened a major rift between the tea party wing of the Republican Party and business groups that traditionally have backed Republicans, with many business leaders now vowing to get involved more in GOP primaries to try to counter insurgent candidates.

Tea party leaders are defiant, saying they will not change course despite criticism from the U.S. Chamber of Commerce, Business Roundtable and other top business groups.

But business leaders argue that the scorched-earth tactics used by tea party Republicans during the 16-day shutdown and debate over raising the federal government’s borrowing limit marked the fourth time since the GOP took control of the House in 2011 that tea party adherents precipitated a governmental crisis that zapped consumer and business confidence, raised uncertainty and exerted a major drag on economic growth.